We (CFO) are pleased to update below China FEED market information for you:

I.  FISHMEAL / FISH Oil SECTION

Brief China RMB Cash Market:

Cash trend of China fishmeal has been showing apparent downtrend during the week at main ports. RMB12,500/ton would be the measurably bottom line of China fishmeal in a short term at Shanghai port while currency of RMB remains strong to lower the landed tariff. Meanwhile, the appreciating status of RMB currency would keep moving down the landed cost in a short term from previous 7-7.1Yen against 1USD to current 6.9-6.95Yen against 1USD.   

However, the fishmeal off-take from China ports is still weak during this summer in general. As of CFO record, the scale of the common weekly off-take is to be nearly half of regular size or even lower to one third in averaged during this summer when China moves on a struggle summer aquatic breeding during Q2 and Q3.

RMB Cash Market:

FM Stock & Off-take:

China Domestic Fishmeal

 White Fishmeal

Fish Oil

FM Comments:

RMB Market: CFO measures RMB cash trend would keep downtrend during rest days of August. The breeding with its fishmeal consumption is still weak while the flooded central part of China with its Yangtze river basin is still not properly returned to breed.

The reducing fishmeal off-take from China main ports during this summer aquatic season is to be a sign that briefly points out there’s an unusual breeding circumstance while covid-19 delivers infections.

II. Animal Protein/Grain Sections

Soybean Meal

We welcome your comments and inputs!

CFO Reporter: Charles Wang

Email: cfo@chinafeedonline.com